PONS

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	LighterPONS	0.1605	+0.0360	pay 0.0045% / 1h	7m 57s	$422K	$991K	3x	Long Lighter7d free
SHORT	Lighter RHPONS	0.1603	+0.0096	get 0.0012% / 1h	7m 57s	$104K	$377K	3x	Short Lighter RH+10% pts

Price gap−0.109%

Funding gap−0.0264% /8h

Both sides work against this direction now: funding costs $8 a day on $10k and the gap is 0.064% under its 7d average. Swap the legs.

If you open now and hold

on $10k a leg · figures of the last 7D, not a forecast

Funding−$10−0.0264% /8h now · paid −0.100% over the last 7D

Price−$6spread −0.109% now, avg −0.045% → −0.064% if it goes back

Costs−$400.398% of $10k · taker + slippage, in and out

Result−$56−0.56%+ Points / potential airdropLighter: Season 3 · Lighter RH: Points live · farm board

The current funding rate is far below what this pair has been paying: over the last 7 days it paid −0.100% in total, about −0.0047%/8h on average.

Price and funding

1h · history

Entry / Exit

Price spread

Prices

Fundingper 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now−0.109%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D

share of time at each level

Funding on every exchange

/8h

PONS on 34 exchanges

lowest funding first

Before you open

4 ok · 2 to watch

OK: Fits both order books7.4 / 8.9 bp
Entry at $10k a leg, taker fee + slippage. Closing costs about the same.
Note: Margin at max leverage$3,333 + $3,333
Lighter 3x, Lighter RH 3x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
OK: Same payment interval1h / 1h
Both legs pay at the same time.
Next 24h at the current rates, on $10k a leg: −$7.92Long Lighter: 24 payments, −$10.80; short Lighter RH: 24 payments, +$2.88.
Watch: Gap narrower than usual−0.109% vs −0.045%
Less room for the price leg to pay you. If it goes back to average, the short loses.
Watch: Short leg is thinner$104K vs $422K OI
Lighter RH sets your exit cost. Check its book before closing.
OK: Points on a legLighter Season 3 · Lighter RH Points live
Volume here counts toward the points program.
OK: No KYC on either legLighter No · Lighter RH No
Both exchanges let you trade without ID.

Profit calculator

both legs, in and out

Position, each leg

Hold for

Orders

Price spread

Funding rate

Funding earned−0.0047%/8h × 21 periods−$9.97

Price spread−0.109% → −0.045% (7d avg)−$6.38

Slippage, 4 orderslive order books−$39.80

Fee Lighter bp × 2 orders$0.00

Fee Lighter RH bp × 2 orders$0.00

Net · 7 days · $10k−$56.15

Costs to cover0.398%Break-evennever at this rate

Slippage: Lighter: live order book, 33 min ago; Lighter RH: live order book, 34 min ago

Cost to enter

taker + slippage from mid, one side

BUY · LONGLighter1.897.4 bp−$713.6 bp−$136doesn’t fitdoesn’t fit

SELL · SHORTLighter RH7.598.9 bp−$965.4 bp−$654doesn’t fitdoesn’t fit

Closing costs about the same again.

PONS news

posts that mention PONS, from every exchange

10-22 07:46	Phemex	Listing	Spot New Listing - robinhood:0x39dbed3a2bd333467115de45665cc57f813c4571 \| @ponsdotfamily - Trading Pair: PONS/USDT - Trading Starts: 9:00 UTC, 22 Oct Trade it here ➡️ @Phemex_official on X ↗
10-15 10:02	Deribit	Listing	🚨 Now live on Deribit: PONS and CASHCAT USDC settled perpetuals. ↓ @DeribitOfficial on X ↗
10-15 10:01	Deribit	Listing	new market PONS_USDC-PERPETUAL ($PONS) seen by our collector
10-05 02:16	SoDEX	Other	📊 SoDEX 24h Movers \| Mon, Oct 5 73 of 92 perp markets are higher. Can the broad advance hold through this week's macro releases? Market notes $AXS: Price rose on declining volume, alongside negative funding and net exchange inflows. The advance lacked stronger volume confirmation. $PENGU: Stonk launched a "Community Coins" mode on Solana, making PENGU holders eligible to share rewards from newly issued meme tokens. $PONS: Trader Bonk Guy's portfolio is down ~$13.9M from its Sept 6 peak. PONS remains his largest holding at $4.51M. This week's watchlist Mon, Oct 5, 14:00 UTC: US ISM Services PMI Wed, Oct 7, 18:00 UTC: FOMC minutes Fri, Oct 9: Michigan consumer sentiment preliminary release 73 up / 19 down / 0 flat across 92 perp markets. 24 also trade spot. Trade 👉 @sodex_official on X ↗
09-29 02:27	Arcus	Listing	$PONS perpetuals are now live on Arcus. Up to 4x leverage. @arcus_xyz on X ↗
09-28 19:23	Arcus	Listing	new market PONS-USD ($PONS) seen by our collector